Audit Reports
Commercial
Report No. 22 of 2015 - Performance Audit on Union Government, Ministry of Power
Overview
Damodar Valley Corporation (Corporation) was set up in July 1948 under the Damodar Valley Corporation Act, 1948. The Participating Governments of the Corporation are the Central Government, Jharkhand Government and the Government of West Bengal. To meet the objectives of the National Electricity Policy i.e. to provide “Power for all by 2012”, the Central Electricity Authority (CEA), Government of India (GOI) set the capacity addition target of 68,869 MW in the XI Plan of which coal based thermal power project was 46635 MW. The corporation planned to add power generation capacity of 6250 MW during XI Plan period (4700 MW by the Corporation alone and 1550 MW through Joint venture). As on 31 March 2014, it had a total power generation capacity of 5857.2 MW (Thermal 5710 MW and Hydel 147.2 MW).
During the period 2007-12 the Corporation could add only 500 MW i.e. 11 percent of the target of 4700 MW (own projects) with a shortfall of 4200 MW.